All Forum Posts by: Louise Whidby

James Vermillion you are the best!! Thank you!

Gm BP!!! So this is my bottomline question, now that I understand comps and ARV a little better. How is the Wholesale price determined that I will negotiate with a motivated seller? .... I am speaking with Investors that want me to find them property and they always end the conversation with "As long as the numbers make sense"

@Carolina E- Thank you!

I need to find a way to save this page! lol! I'm gonna need this info

@ Mike & James Thank you guys so much for taking the time to break that down. I understand a little bit better. I guess the more I have to do the math the more I will get it, but I do understand better. Thank you!..... I love BP!

@James Vermillion. Thank you so much for taking the time to explain. I'm still confused! I might need a class to better understand the numbers.

Hello, I am a newbie. I just looked at your Guide to Estimate ARV. I don't understand the -'s & +'s. If comp 3 was a newer built house with 4 bedrooms why the -3k for age, +5k for good condition, but the other comps were EXCELLENT condition, more SF -8k. I'm confused!

Thank you everyone for your feedback. The appraisal was done in February and is Appraised at $66k. How do I determine ARV?

I have been speaking with this gentleman about property left to him by his mom that passed away last year. His 89 yr old aunt lives in the property but will soon be leaving the property. Another wholesaler has offered him 50k, but he wants 60k. I explained he would not get that for that area. I asked what is the minimum he would consider. He said 40k. He has sent me an Appraisal, Pics of the home. He said the roof needs work. I really want to put a house under contract, but I don't think I have enough on Cash buyers on my buyers list and I am just nervous.... What should I do?

I was wobdering same thing. I gonna send yellow letters to that same address hoping post office has a forwarding address.